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Corporate Accounting & Reporting : High Competition And New Technology

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Question: Describe about the Corporate Accounting & Reporting for High Competition and New Technology .   Answer: Task A IAS 36 Impairment of Assets, describes a number of factors, responsible for declining the value of assets such as wear and tear, high competition and new technology. Thus a reduction in a recoverable amount below the carrying value of an asset can be said impairment (Henderson and et.al. 2015). Impairment loss i...

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